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Solcyber Forgepoint Wapitalwiggersventurebeat -SolCyber has raised $20 million in Series A funding led by ForgePoint Capital. Read on to learn more about the company’s technology stack and plans for growth. This article also examines its partnership with Converge, another startup based at Forgepoint. Together, they aim to make cyber insurance easier to purchase and use. In addition to improving the company’s platform, they plan to create a unified security portal that allows customers to easily manage their entire security needs.
SolCyber 20m series raises $20 million in Series A funding
SolCyber, a managed security services startup, has raised $20 million in a Series A funding round. This funding will be used to expand the company’s technology offerings and customer base. The company will also increase its hiring efforts to grow its team. It plans to further expand its service offerings and provide an unparalleled security experience to its customers.
SolCyber is a mid-market MSSP that offers integrated solutions for preventing, monitoring, and responding to cybersecurity attacks. Its curated security strategy has made it stand apart from other MSSPs and has led to investment from ForgePoint Capital. The company will use the capital to expand its technological solutions, increase client growth, and expand its ambitious hiring strategy.
The company currently employs 12 people and plans to hire more than 20 by the end of the year. SolCyber has been operating in stealth mode for a year and plans to use the $20 million in Series A funding to further improve its product. It has also begun expanding its sales force and customer base, so it can compete in the information security market. Cybercrime is predicted to cost companies $10.5 trillion by 2025. With these figures, SolCyber is well-positioned to take advantage of the current opportunity.
The company plans to use the money to expand its business in broker networks and further evolve its product features. It aims to improve the cybersecurity posture of small and mid-sized businesses and better equip them to defend themselves from cyberattacks. It also plans to use the funds to build a community of professionals in the cybersecurity space.
SolCyber offers a curated stack of enterprise-grade security tools and streamlined, accessible security services. By disrupting the traditional model of MSSPs, SolCyber aims to help businesses reduce their cybersecurity risks, simplify complex systems, and improve their security posture.
Fundraising round led by ForgePoint Capital
Solcyber Forgepoint Wapitalwiggersventurebeat –SolCyber recently announced the closing of a $20 million Series A funding round led by ForgePoint Capital. The funds will be used to expand its product offerings, increase brand awareness, and boost customer acquisition. In addition, the company plans to develop its team aggressively.
SolCyber is a managed security service provider that helps organizations prevent, monitor, and respond to cybersecurity threats. With this funding, the company plans to expand its offerings and extend its reach into the information security market. It currently has a team of 12 employees but expects to expand its workforce to more than 20 by the end of this year.
ForgePoint Capital is one of the world’s most active cybersecurity venture capital firms, with 36 companies under its umbrella. The firm’s advisory council is composed of 75 senior cybersecurity executives. Since its founding, ForgePoint Capital has invested in and exited more than 30 cybersecurity startups, and its founders are on the boards of many of these companies.
SolCyber’s founding team includes David Emerson, who served as the CTO of AppGate. Other members of the executive team include Charles Ho, who served as the head of product management at Ubiq. Scott McCrady has served in senior positions at SonicWall and Ubiq Security.
With the $20 million Series A funding, the company plans to further expand its technology stack. Specifically, it will focus on delivering endpoint and email security, prevention of Active Directory abuse, and admin exploitation prevention. The company will also offer security training and employee phishing prevention to help organizations protect their systems.
Plans to expand workforce
Solcyber Forgepoint Wapitalwiggersventurebeat –SolCyber is a cybersecurity software service provider. Its tech stack includes endpoint protection, email security, protection from Active Directory abuse, and admin exploitation prevention. It also offers security training, employee phishing prevention, and security operations center capabilities. The company recently announced plans to expand its workforce.
The company recently raised $20 million in a Series A investment round led by ForgePoint Capital. The investment will help SolCyber enhance its technology and expand its market access. The startup is well-positioned to grow because of the growing demand for cybersecurity solutions. It currently employs 12 people, but it is aiming to grow to 20 by the end of this year. In addition to expanding its workforce, the company plans to look for new opportunities in the information security market.
SolCyber plans to partner with Converge, another company incubated at Forgepoint, to make cyber insurance easier to use and understand. It also plans to upgrade its platform and enhance Foundational Coverage. In addition, the company plans to create a single security portal for its customers. SolCyber is committed to providing the best customer experience.
As the country faces more cyber threats, the need for cybersecurity workers is growing. Federal agencies are facing a growing number of unfilled cybersecurity jobs. With a tight labor market, federal agencies are struggling to compete with the private sector for the best cybersecurity workers. The White House is now drawing up a new cybersecurity workforce and education strategy, which aims to address the shortage of cybersecurity workers.
SolCyber has raised $20 million in series A funding led by ForgePoint Capital. The company plans to use the money to improve its products and extend its go-to-market efforts. The company is poised for rapid growth as the number of cyberattacks worldwide continues to rise. In the next five years, it is projected that cybercrime will cost $10.5 trillion dollars worldwide.
